Passive investment with guaranteed rental growth

1/66, Barrys Point Road, Takapuna, North Shore City

Price On Application

Proposed Usage
Floor Area
380.00 m²
Property ID

- New five (5) year lease with bank guarantee
- Established business since 1992
- Net rental $135,000pa + GST and outgoings
- Annual rental growth built-in
- Zoned mixed use with road front profile

Fantastic opportunity to secure a passive investment on Barrys Point Road, Takapuna. Occupied by a well-established tenant, Ballistics Wake and Snow, who have been in business since 1992 specialising in snow and water sports.

The property offers road front profile and is situated on the eastern side of Barrys Point Road approximately 100 metres to the north of its intersection with Esmonde Road. Barrys Point Road is a main arterial road linking Anzac Street and Pupuke Road in the north to Esmonde Road in the south. The traffic flows in this area are very high. The new "Mixed Use" zoning under the AUP (OP) allows for a continued transformation to a retail/commercial area with the added inclusion of residential.
This is a must for all investors looking for a passive investment in a fast growing developing location.

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Takapuna Area